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Archive - 2016-12-20
Bombs kill 7 near Iranian Kurdish party HQ in Iraq: official
Front Top News

Bombs kill 7 near Iranian Kurdish party HQ in Iraq: official

SULAIMANIYAH: Twin bombings near the headquarters of an Iranian Kurdish opposition party killed seven people Tuesday, a rare attack in Iraq's relatively secure autonomous Kurdish region, a senior security official said.
Published 20 Dec, 2016 09:04pm
No rift between ministry, NEPRA on Nandipur project: Asif
World Top News

No rift between ministry, NEPRA on Nandipur project: Asif

ISLAMABAD: Minister for Water and Power Khawaja Muhammad Asif Tuesday said there was no rift between the Ministry of Water and Power and the National Electric Power Regulatory Authority (NEPRA) on the Nandipur power project.
Published 20 Dec, 2016 08:41pm
PM appoints new DG Rangers, IG FC Balochistan
Front Top News

PM appoints new DG Rangers, IG FC Balochistan

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif has approved the summary of Interior Minister for appointment of new Director General Rangers Sindh and Inspector General Frontier Corps Balochistan.
Published 20 Dec, 2016 08:32pm
Aziz grieved at assassination of Russian envoy to Turkey
Front Top News

Aziz grieved at assassination of Russian envoy to Turkey

ISLAMABAD: Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz Tuesday expressed deep shock and sadness at the assassination of the Russian Ambassador to Turkey, Alexey Karlov, in Ankara on Monday and strongly denounced this abominable terrorist
Published 20 Dec, 2016 08:30pm
Pakistan, China enjoy strong ties: Balighur Rehman
General News

Pakistan, China enjoy strong ties: Balighur Rehman

ISLAMABAD: Minister of State for Education and Professional Training Engineer Balighur Rehman met with Director Chinese International Center for Higher Education Innovation (ICHEI) Li Ming and his delegation on Tuesday and discussed matters of mutual inte
Published 20 Dec, 2016 06:36pm
LHC provisionally appoints Dr Rukhsana Kausar as VC LCWU
General News

LHC provisionally appoints Dr Rukhsana Kausar as VC LCWU

LAHORE: A division bench of the Lahore High Court on Tuesday provisionally appointed Dr Rukhsana Kausar as Vice Chancellor Lahore College for Women University (LCWU), after amending its earlier orders for provisional appointment of Dr Uzma Quraishi for th
Published 20 Dec, 2016 06:29pm
Erdogan opens first road tunnel under Istanbul's Bosphorus
Europe

Erdogan opens first road tunnel under Istanbul's Bosphorus

ISTANBUL: President Recep Tayyip Erdogan on Tuesday opened the first ever road tunnel underneath the Bosphorus Strait in Istanbul from Europe to Asia, the latest project in his plan of transforming Turkey's infrastructure.
Published 20 Dec, 2016 05:36pm
Nisar performing duties with dedication: Tariq
General News

Nisar performing duties with dedication: Tariq

ISLAMABAD: Minister of State for Capital Administration and Development Division (CADD), Dr Tariq Fazal Chaudhry Tuesday said Minister for Interior Chaudhry Nisar Ali Khan was a competent person and looking into internal and external matters of country wi
Published 20 Dec, 2016 05:27pm
US embassy delegation visits RCCI
General News

US embassy delegation visits RCCI

RAWALPINDI: The Pakistani business community should take full advantage of US Generalized System of Preferences (GSP) programme for promoting exports to the United States.
Published 20 Dec, 2016 05:19pm
CM says KP Govt implement NAP in letter and spirit
Pakistan Top News

CM says KP Govt implement NAP in letter and spirit

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Pervez Khattak said the reforms and legislations introduced by his government revamped the system of governance in Khyber Pakhtunkhwa that led to sharp decline in crime rate and acts of terrorism.
Published 20 Dec, 2016 05:17pm
CM Murad for interfaith harmony
General News

CM Murad for interfaith harmony

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that there is dire need of educating people about the interfaith and sectarian harmony in the country.
Published 20 Dec, 2016 04:28pm
Meet Marvels latest hero, a Syrian mother trapped in Madaya
Arts

Meet Marvels latest hero, a Syrian mother trapped in Madaya

Marvel comics has a long history of keeping itself updated with current world events; maintaining the tradition the amazing world of Marvel has introduced Madaya Mom, a mother of five living in the war-torn Syrian city of Madaya.
Published 20 Dec, 2016 02:41pm
France under 'high' terror threat: Hollande
Europe

France under 'high' terror threat: Hollande

PARIS: France is under a "high level of threat" from terror attack but already has a large-scale security operation in place, President Francois Hollande said Tuesday, following the carnage at a Berlin Christmas market.
Published 20 Dec, 2016 02:39pm
Kvitova attacked by knife-wielding burglar
Sports

Kvitova attacked by knife-wielding burglar

PRAGUE: Two-time Wimbledon champion Petra Kvitova was injured after an attack by a knife-wielding burglar at her home in the eastern Czech town of Prostejov, her spokesman said on Tuesday.
Published 20 Dec, 2016 02:39pm
Bullion rates in Lahore
Markets

Bullion rates in Lahore

LAHORE: Following bullion rates were received from markets here on Tuesday 2016:%DULLION (PER 10 GRAM)%D%A=====================%D%AGOLD TEZABI-24 CT------42438.
Published 20 Dec, 2016 02:21pm
EU charges Facebook over WhatsApp buyout
Industry

EU charges Facebook over WhatsApp buyout

BRUSSELS: The European Union charged Facebook on Tuesday with providing "misleading" information when it sought approval for its blockbuster $22-billon buyout of the WhatsApp mobile messaging service.
Published 20 Dec, 2016 02:20pm
AJK Presdient calls on CJCSC
General News

AJK Presdient calls on CJCSC

RAWALPINDI: President of Azad Jammu and Kashmir (AJK) Muhammad Masood Khan Tuesday called on Chairman Joint Chiefs of Staff Committee (CJCSC) General Zubair Mahmood Hayat here at the Joint Staff Headquarters.
Published 20 Dec, 2016 02:18pm
IT park to help boost exports: Anusha
Industries & Sectors

IT park to help boost exports: Anusha

ISLAMABAD: Minister of State for Information Technology and Telecommunication Anusha Rehman Tuesday said the information technology software park being set up in the federal capital would help boost exports from the country.
Published 20 Dec, 2016 02:12pm
Linde, Praxair agree on merger terms
Industry

Linde, Praxair agree on merger terms

FRANKFURT AM MAIN: German industrial gases maker Linde and its US competitor Praxair on Tuesday said they had agreed on the terms of a proposed $65-billion "merger of equals" to create a world leader in the sector.
Published 20 Dec, 2016 01:54pm
Closing Rates of PSX
Markets

Closing Rates of PSX

KARACHI: Following were the Closing Rates of shares at Pakistan Stock Exchange Limited (PSX) issued here on Tuesday.
Published 20 Dec, 2016 01:53pm
PM arrives in Bosnian capital on official visit
Pakistan Top News

PM arrives in Bosnian capital on official visit

SARAJEVO: Prime Minister Muhammad Nawaz Sharif was accorded a warm welcome as he arrived here in the Bosnian capital on Tuesday on an official visit from December 20-22.
Published 20 Dec, 2016 01:48pm
UN slams assassination of Russian Ambassador to Turkey
Europe

UN slams assassination of Russian Ambassador to Turkey

UNITED NATIONS: United Nations Secretary-General Ban Ki-moon and the UN Security Council strongly have condemned Monday's assassination of Russian Ambassador to Turkey, Andrey Karlov, in Ankara, saying there is no justification for targeting diplomati
Published 20 Dec, 2016 01:30pm
Christmas preparations in full swing
Arts

Christmas preparations in full swing

LAHORE: Christian community in the provincial capital looks enthusiastic for the preparations of its grand festival Christmas which is just four days ahead.
Published 20 Dec, 2016 01:17pm
Police believe arrested Pakistani not behind Berlin Xmas market attack
Front Top News

Police believe arrested Pakistani not behind Berlin Xmas market attack

%DERLIN: German police think that the man from Pakistan who was arrested as a suspect in the attack on a Berlin Christmas market that killed 12 people on Monday was not the actual perpetrator, Die Welt newspaper reported, citing senior security sources.
Published 20 Dec, 2016 01:03pm
CPEC, the project of hope and sharing: CPC
General News

CPEC, the project of hope and sharing: CPC

ISLAMABAD: The China Pakistan Economic Corridor (CPEC) is the project of hope and sharing which would tremendously benefit Pakistan and China as well as all the regional countries, Vice Minister, International Department of Communist Party of China (CPC),
Published 20 Dec, 2016 12:51pm
Fine Art Portraits by Vanessa Paxton
Featured Photos

Fine Art Portraits by Vanessa Paxton

Photo Credit : Vanessa Paxton%D%AVanessa Paxton is a talented photographer and artist, who was born in Kingston, Jamaica and currently based between Toronto and Scarborough.
Published 20 Dec, 2016 11:21am
Beautiful Portrait by Rafal Meszka
Featured Photos

Beautiful Portrait by Rafal Meszka

Photo Credit : Rafal Meszka%D%ARafal Meszka is a talented self-taught photographer based in Warsaw, Polska.
Published 20 Dec, 2016 11:18am
Jadeja stars as India thrash England 4-0
Cricket

Jadeja stars as India thrash England 4-0

CHENNAI: Ravindra Jadeja claimed seven wickets as India thrashed England by an innings and 75 runs in the fifth and final Test in Chennai on Tuesday to win the series 4-0.
Published 20 Dec, 2016 11:14am
Symmetry Architecture Photography by Markus Studtmann
Featured Photos

Symmetry Architecture Photography by Markus Studtmann

%D%APhoto Credit : Markus Studtmann%Derlin-based fine art photographer, Markus Studtmann creates magical hypnotic architecture photographies that looks like optical illusions.
Published 20 Dec, 2016 11:08am
Stunning Instagrams by Konrad Langer
Featured Photos

Stunning Instagrams by Konrad Langer

Photo Credit : Konrad Langer%D%AKonrad Langer aka konaction is a talented self-taught photographer and instagrammer from Berlin, Germany who shares stunning architecture and street photographs on his instagram.
Published 20 Dec, 2016 11:05am
Musharraf says Raheel Sharif helped him leaving Pakistan
Front Top News

Musharraf says Raheel Sharif helped him leaving Pakistan

Former President General (retd) Pervez Musharraf has said that the former army chief, General (retd) Raheel Sharif influenced the government that helped him leave the country for medical treatment.
Published 20 Dec, 2016 11:04am
RECORDER REPORT: PSX close of day
Pakistan Top News

RECORDER REPORT: PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Tuesday having 47210.
Published 20 Dec, 2016 10:53am
Senate proposes scrapping Rs5,000 note, govt opposes
Pakistan Top News

Senate proposes scrapping Rs5,000 note, govt opposes

ISLAMABAD: Senate has recommended scrapping of the 5,000 rupee ($48) banknote, despite government opposition and warnings that removal of the country's highest denomination bill could destabilise the economy.
Published 20 Dec, 2016 10:21am
Gulen 'shocked' by Russian envoy's killing
Pakistan Top News

Gulen 'shocked' by Russian envoy's killing

WASHINGTON: US-based Turkish cleric Fethullah Gulen said he was "shocked and deeply saddened" by the killing of Russia's ambassador to Turkey in the capital Ankara, in a statement late Monday.
Published 20 Dec, 2016 09:29am
Turkey detains six over envoy murder as Russia seeks answers
Pakistan Top News

Turkey detains six over envoy murder as Russia seeks answers

ANKARA: Turkish authorities were on Tuesday holding six people over the assassination of the Russian ambassador to Ankara by an off-duty policeman, as Russia urgently sought answers over the murder.
Published 20 Dec, 2016 09:15am
Palm falls on weak Dalian, lower exports
Commodities

Palm falls on weak Dalian, lower exports

KUALA LUMPUR: Malaysian palm oil futures fell nearly 1 percent on Tuesday, undoing most of last week's gains, as rival oils fell and poor export data spooked the market.
Published 20 Dec, 2016 08:40am
Die hard Shahid Afridi fan jailed in India
Cricket

Die hard Shahid Afridi fan jailed in India

The game of cricket is the most madly followed game in the Indo-Pak region and for every ardent lover of the game idolizing and loving the games greats is natural, and is without any border constraints.
Published 20 Dec, 2016 08:40am
Nikkei rises after market digests BOJ policy outcome
Financial

Nikkei rises after market digests BOJ policy outcome

TOKYO: Japan's Nikkei share average rose on Tuesday afternoon after the market digested the Bank of Japan's decision to maintain current monetary policy, while the yen's fall versus the dollar lifted overall sentiment.
Published 20 Dec, 2016 08:38am
Borrowing for budgetary support exceeds Rs 1 trillion
Front Top News

Borrowing for budgetary support exceeds Rs 1 trillion

RIZWAN BHATTI%D%AKARACHI: The federal government's borrowing from the State Bank of Pakistan (SBP) for budgetary support has witnessed a healthy growth and reached over one trillion rupees during the current fiscal year.
Published 20 Dec, 2016 08:26am
PM condemns Berlin Xmas market incident
Front Top News

PM condemns Berlin Xmas market incident

ISLAMABAD: Prime Minister Nawaz Sharif has strongly condemned Berlin Christmas market incident that killed 12 people dead and at least 48 injured.
Published 20 Dec, 2016 08:18am
Japan PM aims to visit Russia soon to speed up treaty talks
Asia

Japan PM aims to visit Russia soon to speed up treaty talks

TOKYO: Japanese Prime Minister Shinzo Abe said on Tuesday he hoped to visit Russia early next year to speed up talks to resolve a territorial dispute and conclude a peace treaty officially ending World War Two hostilities between the two countries.
Published 20 Dec, 2016 07:51am
Yen eases as BOJ keeps policy steady, Asia stocks mixed
Financial

Yen eases as BOJ keeps policy steady, Asia stocks mixed

SINGAPORE: The yen edged down on Tuesday after the Bank of Japan held policy steady, shedding some gains made following killings in Germany and Turkey, while regional stocks were mixed after Federal Reserve Chair Janet Yellen's upbeat comments.
Published 20 Dec, 2016 07:44am
PM to leave for Bosnia, Herzegovina today
Front Top News

PM to leave for Bosnia, Herzegovina today

ISLAMABAD: Prime Minister Nawaz Sharif will leave on a three-day official visit to Bosnia and Herzegovina on Tuesday.
Published 20 Dec, 2016 07:38am
JGBs edge up after BOJ keeps policy rates steady
Financial

JGBs edge up after BOJ keeps policy rates steady

TOKYO: The prices of Japanese government bond ticked up on Tuesday after the Bank of Japan kept its policy steady, a move that appears to set it apart from the other central banks that are scaling back stimulus.
Published 20 Dec, 2016 07:30am
Tuesday Tangents: Isle Of Dreams by Tobias Hgg
Featured Photos

Tuesday Tangents: Isle Of Dreams by Tobias Hgg

Stunning Drone Photography by Tobias Hgg%D%A%D%ATobias Hgg aka airpixelsmedia is a talented photographer, visual creator and filmmaker, who was born in Eskilstuna and currently based in Stockholm, Sweden.
Published 20 Dec, 2016 07:25am
Tuesday Tangents: Sweden by Tobias Hgg
Featured Photos

Tuesday Tangents: Sweden by Tobias Hgg

Stunning Drone Photography by Tobias Hgg%D%A%D%ATobias Hgg aka airpixelsmedia is a talented photographer, visual creator and filmmaker, who was born in Eskilstuna and is currently based in Stockholm, Sweden.
Published 20 Dec, 2016 07:23am
Tuesday Tangents: Barriers Of Nature by Tobias Hgg
Featured Photos

Tuesday Tangents: Barriers Of Nature by Tobias Hgg

Stunning Drone Photography by Tobias Hgg%D%A%D%ATobias Hgg aka airpixelsmedia is a talented photographer, visual creator and filmmaker, who was born in Eskilstuna and currently based in Stockholm, Sweden.
Published 20 Dec, 2016 07:21am
Tuesday Tangents: Embrace/Presence by Tobias Hgg
Featured Photos

Tuesday Tangents: Embrace/Presence by Tobias Hgg

Stunning Drone Photography by Tobias Hgg%D%A%D%ATobias Hgg aka airpixelsmedia is a talented photographer, visual creator and filmmaker, who was born in Eskilstuna and currently based in Stockholm, Sweden.
Published 20 Dec, 2016 07:17am
Tuesday Tangents: Icy Veins II by Tobias Hgg
Featured Photos

Tuesday Tangents: Icy Veins II by Tobias Hgg

Stunning Drone Photography by Tobias Hgg%D%A%D%ATobias Hgg aka airpixelsmedia is a talented photographer, visual creator and filmmaker, who was born in Eskilstuna and is currently based in Stockholm, Sweden.
Published 20 Dec, 2016 07:15am
Tuesday Tangents: Spanien by Tobias Hagg
Featured Photos

Tuesday Tangents: Spanien by Tobias Hagg

Stunning Drone Photography by Tobias Hgg%D%A%D%ATobias Hgg aka airpixelsmedia is a talented photographer, visual creator and filmmaker, who was born in Eskilstuna and currently based in Stockholm, Sweden.
Published 20 Dec, 2016 07:11am
Tuesday Tangents: Icy Veins  by Tobias Hagg
Featured Photos

Tuesday Tangents: Icy Veins by Tobias Hagg

%D%AStunning Drone Photography by Tobias Hgg%D%A%D%ATobias Hgg aka airpixelsmedia is a talented photographer, visual creator and filmmaker, who was born in Eskilstuna and is currently based in Stockholm, Sweden.
Published 20 Dec, 2016 07:07am
Aussies call up Zimbabwe-born all-rounder
Cricket

Aussies call up Zimbabwe-born all-rounder

BRISBANE: Australia called up uncapped, Zimbabwe-born all-rounder Hilton Cartwright on Tuesday as cover for their fast bowlers after the gruelling first Test win over Pakistan.
Published 20 Dec, 2016 07:05am
Injured Kvitova out of Hopman Cup
Sports

Injured Kvitova out of Hopman Cup

PERTH: Two-time Wimbledon champion Petra Kvitova on Tuesday suffered an Australian Open setback when she was ruled out of the season-opening Hopman Cup with a foot injury.
Published 20 Dec, 2016 07:03am
Tuesday Tangents: Misty Way by Tobias Hagg
Featured Photos

Tuesday Tangents: Misty Way by Tobias Hagg

Stunning Drone Photography by Tobias Hgg%D%A%D%ATobias Hgg aka airpixelsmedia is a talented photographer, visual creator and filmmaker, who was born in Eskilstuna and currently based in Stockholm, Sweden.
Published 20 Dec, 2016 07:02am
US says China has returned seized sea drone
Front Top News

US says China has returned seized sea drone

WASHINGTON: China has returned a US underwater probe it seized in the South China Sea, the Pentagon confirmed after Beijing's capture of the craft prompted a dispute between the two powers.
Published 20 Dec, 2016 07:01am
Tuesday Tangents: Changes  by Tobias Hgg
Featured Photos

Tuesday Tangents: Changes by Tobias Hgg

Stunning Drone Photography by Tobias Hgg%D%A%D%ATobias Hgg aka airpixelsmedia is a talented photographer, visual creator and filmmaker, who was born in Eskilstuna and currently based in Stockholm, Sweden.
Published 20 Dec, 2016 07:00am
Scientists succeed at illuminating ANTIMATTER particles
Technology

Scientists succeed at illuminating ANTIMATTER particles

In what could be called an revelatory unveiling for the world of science; scientists have successfully brought to light literally the most obscure matter rather antimatter of the universe to shine by prickling atoms of antimatter and making them radiate
Published 20 Dec, 2016 06:24am
Trump vows to wipe out 'terrorists'
Front Top News

Trump vows to wipe out 'terrorists'

WASHINGTON: President-elect Donald Trump vowed Monday, a month before he takes office, to wipe "terrorists" off the face of the Earth, after a series of high-profile attacks in Germany, Turkey and Switzerland.
Published 20 Dec, 2016 05:45am
Bolt, Phelps cap era of excellence
Sports

Bolt, Phelps cap era of excellence

LOS ANGELES: Usain Bolt and Michael Phelps towered over the 2016 Rio Games, capping an era of sustained excellence that promises to reverberate through the 2020 Tokyo Olympics and beyond.
Published 20 Dec, 2016 05:44am
Asia markets struggle on geopolitical fears
Financial

Asia markets struggle on geopolitical fears

HONG KONG: Asian traders moved uneasily Tuesday as geopolitical concerns came back to the fore following a deadly suspected attack in Berlin, while they also wind down going into the Christmas break.
Published 20 Dec, 2016 05:42am
Tokyo stocks flat by break
Financial

Tokyo stocks flat by break

TOKYO: Tokyo stocks were flat Tuesday morning as a pickup in the yen took the wind out of exporters, but the Bank of Japan provided an upbeat view of the world's number-three economy soon after the end of the session.
Published 20 Dec, 2016 05:39am
Ryan says Fiji sevens should split from FRU
Sports

Ryan says Fiji sevens should split from FRU

WELLINGTON: Former Fiji sevens coach Ben Ryan on Tuesday said the team he led to Olympic glory should split from the Fiji Rugby Union (FRU) to ensure they are properly managed.
Published 20 Dec, 2016 05:38am
Hong Kong stocks extend losses in morning
Financial

Hong Kong stocks extend losses in morning

HONG KONG: Hong Kong shares ended the morning session down Tuesday, extending a sell-off to a fourth day, with investors fretting over geopolitical tensions after a series of deadly suspected attacks in Europe.
Published 20 Dec, 2016 05:38am
Thousands leave Aleppo as UN plans new peace talks
World Top News

Thousands leave Aleppo as UN plans new peace talks

ALEPPO: Thousands of traumatised Syrians left the rebel enclave of Aleppo Monday as the UN voted to deploy observers there and said it planned new peace talks in Geneva in February.
Published 20 Dec, 2016 05:38am
Bank of Japan lifts view of economy
Money & Banking

Bank of Japan lifts view of economy

TOKYO: The Bank of Japan on Tuesday boosted its view of the world's number-three economy as exports pick up on the yen's slide and providing some relief to the government with its growth plan stuttering.
Published 20 Dec, 2016 05:35am
Cotton crop must be under supervision of 'my ministry': Bosan
Cotton

Cotton crop must be under supervision of 'my ministry': Bosan

Federal Minister for food security and research Haji Sikandar Hayat Bosan has said that Cotton research Institutes and cotton crop must be under the supervision of his ministry to achieve the target of 20 million bales of cotton. Addressing the meeting of
Published 20 Dec, 2016 12:00am
'Top priority accorded to social sector, SDGs'

'Top priority accorded to social sector, SDGs'

The Punjab government is according top priority to social sector and achieving Sustainable Development Goals (SDGs), Secretary Planning & Development Department, Punjab, Iftikhar Ali Sahoo, said. While inaugurating SDGs prioritisation workshop jointly org
Published 20 Dec, 2016 12:00am
Government responsible for non-implementation of NAP: Shujaat

Government responsible for non-implementation of NAP: Shujaat

Welcoming the upcoming return of former president and PPP leader Asif Zardari to Pakistan, the Pakistan Muslim League-Q (PML-Q) president Chaudhry Shujaat Hussain said he had already stated that whosoever has to practice politics must come to Pakistan. Sp
Published 20 Dec, 2016 12:00am
'Punjab rainwater management to minimise climate change impacts'
Cotton

'Punjab rainwater management to minimise climate change impacts'

Punjab Agriculture Department has launched 'Rainwater Management in Cotton Fields' project to minimise impacts of climate change in seven leading cotton growing districts of the province, including Bahawalpur, Bahawalnagar, Rahim Yar Khan, Vehari, Lodhran
Published 20 Dec, 2016 12:00am
Eligibility criteria for acquisition of listed company spelt out

Eligibility criteria for acquisition of listed company spelt out

The draft Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2016 will make eligible a person, who is a shareholder of the target company, to participate in the public offer for acquiring the listed company.
Published 20 Dec, 2016 12:00am
KTBA seeks tax return deadline extension

KTBA seeks tax return deadline extension

Tax Bar Association (KTBA) on Monday requested to extend the date of e-filing of income tax returns for the tax year 2016 up to December 31, 2016. In a letter sent to Finance Minister Ishaq Dar, the KTBA said that the IRIS system had been malfunctioning t
Published 20 Dec, 2016 12:00am
BISE Hyderabad announces SSC result

BISE Hyderabad announces SSC result

The Controller of Examinations Board of Intermediate and Secondary Education Hyderabad Monday announced the result of Secondary School Certificate (SSC) Part-I Science and General Groups Annual Examinations 2016. A total of 62985 male and female candidate
Published 20 Dec, 2016 12:00am
PIA clarification

PIA clarification

Reference to media queries regarding PK-898 (Lahore-Kuala Lumpur) PIA Spokesman has explained that due to some technical issue the aircraft was brought to Karachi, which is PIA's engineering base. After swapping the aircraft the flight departed at 2300GMT
Published 20 Dec, 2016 12:00am
OGRA set to appoint new SED of media affairs soon

OGRA set to appoint new SED of media affairs soon

Oil and Gas Regulatory Authority (OGRA) is set to appoint Senior Executive Director (SED) Media Affairs within next week, before the retirement of Member (gas) Aamir Naseem. Sources said that the Authority recently created a new position of senior executi
Published 20 Dec, 2016 12:00am
Container backlog at KICT surges to 500

Container backlog at KICT surges to 500

The containers backlog at Karachi International Containers Terminal (KICT) has now surged to 500 containers, following 4-6 day delay in containers grounding. The issue was raised by the Karachi Customs Agents Association (KCAA) here on Monday. It said tha
Published 20 Dec, 2016 12:00am
IRS officer joins CDA

IRS officer joins CDA

Yasir Pirzada, a grade 20 officer from the Inland Revenue Service, has been appointed member of the administration of the board of the Capital Development Authority. He has more than 20 years' experience working at key positions in public-sector administr
Published 20 Dec, 2016 12:00am
FBR clarifies exemption from advance tax on properties

FBR clarifies exemption from advance tax on properties

The Federal Board of Revenue (FBR) has dispelled an impression created through Income Tax (Amendment) Ordinance 2016 that exemption from collection of advance tax under section 236C is available to any/every first sale of immovable property irrespective o
Published 20 Dec, 2016 12:00am
Prime Minister to visit Bosnia from December 20

Prime Minister to visit Bosnia from December 20

Prime Minister Nawaz Sharif will embark on a three-day official visit to Bosnia and Herzegovina today to exchange views on an entire range of bilateral relations with the country's leadership, Foreign Office said on Monday. According to Foreign Office Spo
Published 20 Dec, 2016 12:00am
Imran blasts Nawaz over PIA jet demand

Imran blasts Nawaz over PIA jet demand

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Monday criticized Prime Minister Nawaz Sharif over asking a Pakistan International Airlines (PIA) jet for his state visit to Bosnia. The PTI Chairman, in his tweet, stated, "In true pretensions to 'bad
Published 20 Dec, 2016 12:00am
CCP clarification

CCP clarification

Apropos a news item carried by Business Recorder on November 28, 2016 under the headline, "CCP top brass accused of misusing public fund," the CCP would like to clarify matters pertaining to the working of the Commission. "CCP has clarified that th
Published 20 Dec, 2016 12:00am
15,000 military, civilian personnel raised for CPEC security: PM

15,000 military, civilian personnel raised for CPEC security: PM

Prime Minister Nawaz Sharif on Monday said that the government has raised Special Security Division (SSD), comprising of 15,000 military and civilian armed forces for ensuring safety of Chinese brothers working on different projects under China-Pakistan E
Published 20 Dec, 2016 12:00am
SC seeks report from Punjab government over land dispute

SC seeks report from Punjab government over land dispute

Supreme Court on Monday sought comprehensive report from the government of Punjab pertaining to allegedly grabbed 1,205 kanals of land in Kasur district in league with district revenue authorities. The government of Punjab has taken initiative of land rec
Published 20 Dec, 2016 12:00am
SECP registers 621 companies in November

SECP registers 621 companies in November

The Securities and Exchange Commission of Pakistan (SECP) during the month of November2016 registered 621 new companies, an increase of 23 percent as compared to the corresponding month of preceding year. A growing trend has been witnessed in company inco
Published 20 Dec, 2016 12:00am
Overseas Pakistanis: suggestion of electronic voting facility approved

Overseas Pakistanis: suggestion of electronic voting facility approved

The sub committee of Parliamentary Committee on Electoral Reforms has approved the suggestion to give overseas Pakistanis the right to vote. The committee met under its convener MNA Dr Arif Alvi on Monday to review the electronic voting facility to overse
Published 20 Dec, 2016 12:00am
SC turns down stay order plea in flyover case

SC turns down stay order plea in flyover case

Turning down the plea for stay order against construction of flyover near Halla Naka of district Hyderabad, the Supreme Court on Monday issued notices to chief secretary and concerned officials of the provincial government. A 2-judges' bench led by Justic
Published 20 Dec, 2016 12:00am
Khattak wants dam plans for next ADP

Khattak wants dam plans for next ADP

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has asked the departments concerned for preparation of plans for new dams and include it in the next ADP to attract foreign investors adding that future of the province depends on such projects which will b
Published 20 Dec, 2016 12:00am
Khattak wants dam plans for next ADP

Khattak wants dam plans for next ADP

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has asked the departments concerned for preparation of plans for new dams and include it in the next ADP to attract foreign investors adding that future of the province depends on such projects which will b
Published 20 Dec, 2016 12:00am
Pakistan described as a growing market for aviation industry

Pakistan described as a growing market for aviation industry

Regional Manager North for Emirates Airline in Pakistan, Tariq Obaid has said that Pakistan is a growing market for aviation industry and tough competition among the airlines would enhance products and services being offered to the customers. In an exclus
Published 20 Dec, 2016 12:00am
IT Ministry violates mandate by spending USF on other purpose

IT Ministry violates mandate by spending USF on other purpose

Ministry of Information Technology and Telecommunication has violated its mandate by spending Rs 500 million of Universal Service Fund (USF) for purpose other than dedicated telecom services in the undeserved and un-served areas. The USF is being collecte
Published 20 Dec, 2016 12:00am
IGP Khwaja sent on forced leave, Mehr given acting charge

IGP Khwaja sent on forced leave, Mehr given acting charge

The Inspector General of Police (IGP) Sindh, Allah Dino Khawaja, was sent on forced leaves Monday for failing to honour the 'bargains' he had committed to the provincial government for the top post, officials close to the development said. Sindh Governmen
Published 20 Dec, 2016 12:00am
Date for acceptance of admissions forms

Date for acceptance of admissions forms

The acceptance of admission forms in undergraduate programmes at the Sindh Agriculture University of Tandojam, the Institute of Food Sciences and Technology, the Information Technology Centre, the Shaheed Zulfiqar Ali Bhutto Agriculture College and the Kh
Published 20 Dec, 2016 12:00am
Cinemas quietly show Indian films again as tensions ease, losses mount

Cinemas quietly show Indian films again as tensions ease, losses mount

Movie theatres began screening Bollywood films again on Monday, ending an 11-week boycott in response to political and military tensions with India, theatre officials said. Some theatre owners said the restoration was because tension was easing, but other
Published 20 Dec, 2016 12:00am
Business leader urges government not to sign more FTAs

Business leader urges government not to sign more FTAs

Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Shaikh Khalid Tawab has urged the Prime Minister and Finance Minister for not signing of international trade pacts on the basis of political motivation instead o
Published 20 Dec, 2016 12:00am
JS Academy launches Islamiat dictionary in sign language

JS Academy launches Islamiat dictionary in sign language

JS Academy for the Deaf is pleased to announce the launch of "Farang-e-Isharati Islami" - an Islamiat dictionary in sign language, a first one of its kind in Pakistan for the deaf people. The Islamiat dictionary has over 600 Islamic terms which took over
Published 20 Dec, 2016 12:00am
Potential of agriculture, food exports highlight

Potential of agriculture, food exports highlight

The chairman of the Regional Standing Committee on Horticultural and Agricultural Produce of the Federation of Pakistan Chambers of Commerce and Industry, Ahmad Jawad, has said that horticultural exports could go as high as $7 billion in the next decade.
Published 20 Dec, 2016 12:00am
Journalists awarded for reporting on health issues

Journalists awarded for reporting on health issues

The Centre for Excellence in Journalism at the Institute of Business Administration (CEJ-IBA), Karachi and Centre for Communication Programs Pakistan (CCPP) organised the first ever "Excellence in Journalism Awards 2016". Thirteen journalists received exc
Published 20 Dec, 2016 12:00am
PIA to operate 6 ATR flights

PIA to operate 6 ATR flights

PIA is operating six ATR flights on Monday. These flights include PK-605 (Islamabad-Gilgit), PK-606 (Gilgit-Islamabad), PK-249 (Islamabad-Kabul), PK-250 (Kabul-Islamabad), PK-681 (Islamabad-Multan) and PK-682 (Multan-Islamabad). On Sunday, PIA operated Gi
Published 20 Dec, 2016 12:00am
KCCI president opposes peak-hour charges by K-E

KCCI president opposes peak-hour charges by K-E

President of the Karachi Chamber of Commerce and Industry (KCCI) Shamim Ahmed Firpo has urged the K-Electric to comply with the orders of National Electric Power Regulatory Authority (NEPRA) orders avoiding delaying tactics and provide tariff incentive to
Published 20 Dec, 2016 12:00am
Residents of twin cities facing acute gas shortage

Residents of twin cities facing acute gas shortage

The residents of twin cities of Rawalpindi and Islamabad are facing acute shortage of gas and office goers and children are forced to go without having breakfast. The Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi and Managing Director
Published 20 Dec, 2016 12:00am
Tri-Pack Films

Tri-Pack Films

Tri-Pack Films Limited (PSX: TRIPF) was incorporated in 1993 as a joint venture between Mitsubishi of Japan and Packages Limited of Pakistan. The commercial operations of the company started in 1995. Head office of the company is situated in Karac
Published 20 Dec, 2016 12:00am
Tri-Pack Films

Tri-Pack Films

Tri-Pack Films Limited (PSX: TRIPF) was incorporated in 1993 as a joint venture between Mitsubishi of Japan and Packages Limited of Pakistan. The commercial operations of the company started in 1995. Head office of the company is situated in Karac
Published 20 Dec, 2016 12:00am
Polio vaccination drive kicks off

Polio vaccination drive kicks off

A three-day anti-polio drive began on Monday in Sindh, Punjab, Balochistan, FATA and Gilgit. According to details, in Punjab 18.4 million children below the age of five years would be administered polio drop. In Sindh, four-day national immunisation campa
Published 20 Dec, 2016 12:00am
LHC division bench suspends single bench's verdict

LHC division bench suspends single bench's verdict

A division bench of the Lahore High Court (LHC) on Monday suspended a single bench's verdict that struck down the appointments of acting vice chancellors at four public sector universities. The bench headed by Chief Justice Syed Mansoor Ali Shah also appo
Published 20 Dec, 2016 12:00am
FPCCI, PBIT sign MoU

FPCCI, PBIT sign MoU

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Punjab Board of Investment & Trade (PBIT) on Monday signed a memorandum of understanding (MoU) to promote working relationship between the two institutions. FPCCI Regional Chairm
Published 20 Dec, 2016 12:00am
Many UAE companies keen to invest in Pakistan: Sheikh Nahyan

Many UAE companies keen to invest in Pakistan: Sheikh Nahyan

Sheikh Nahyan bin Mubarak Al Nahyan, Head of Ministry of Culture, Youth, and Social Development, United Arab Emirates (UAE) has said that many UAE companies are interested to invest in Pakistan due to improving economic situation. During his visit to Paki
Published 20 Dec, 2016 12:00am
Many UAE companies keen to invest in Pakistan: Sheikh Nahyan

Many UAE companies keen to invest in Pakistan: Sheikh Nahyan

Sheikh Nahyan bin Mubarak Al Nahyan, Head of Ministry of Culture, Youth, and Social Development, United Arab Emirates (UAE) has said that many UAE companies are interested to invest in Pakistan due to improving economic situation. During his visit to Paki
Published 20 Dec, 2016 12:00am
Market to continue uptrend in 2017: Topline Securities

Market to continue uptrend in 2017: Topline Securities

Pakistan market is expected to continue its uptrend in 2017 given tangible gains from China Pakistan Economic Corridor (CPEC) projects and rising domestic demand leading to higher economic growth prospects, analyst said. This coupled with liquidity with l
Published 20 Dec, 2016 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold prices edged higher on Monday as geopolitical tensions offset expectations of tighter US monetary policy and a stronger US dollar. Spot gold was up 0.31 pct at $1,137.55 an ounce by 2:40 p.m. EST (1940 GMT), even as the dollar reversed earlier losses
Published 20 Dec, 2016 12:00am
US MIDDAY: soya and corn weaken

US MIDDAY: soya and corn weaken

US soyabean, corn and wheat futures eased on Monday, weighed down by technical selling and expectations for more crop-friendly rainfall in Argentina. Wheat futures reversed from early gains even as bitter cold temperatures in the United States left dorman
Published 20 Dec, 2016 12:00am
Oil near flat in quiet trade, supply outlook unclear

Oil near flat in quiet trade, supply outlook unclear

Oil prices were little changed on Monday in quiet pre-Christmas trade as the market waited to see whether US production from shale fields would grow enough to offset planned output cuts by OPEC, Russia and other producers next year. Brent futures for Febr
Published 20 Dec, 2016 12:00am
Brazil center-south produces 1.13 million tonnes of sugar

Brazil center-south produces 1.13 million tonnes of sugar

Brazil's main center-south cane belt produced 1.13 million tonnes of sugar in the second half of November compared with 1.37 million tonnes in the previous two-week period, as mills approached the end of the 2016/17 crushing season, sugar industry group U
Published 20 Dec, 2016 12:00am
Gold up in Europe

Gold up in Europe

Gold edged higher as the dollar drifted lower on Monday, although expectations of tighter US monetary policy kept a lid on its gains. Spot gold was up 0.5 percent at $1,139.43 an ounce by 1536 GMT. It fell to $1,122.35, its weakest since Feb. 2, on Thursd
Published 20 Dec, 2016 12:00am
Gold rises in Asia

Gold rises in Asia

Gold rose on Monday, extending its recovery from a 10-1/2-month low hit last week, as the US dollar slipped from a 14-year peak against a basket of currencies. Spot gold edged up 0.7 percent to $1,141.61 an ounce by 0651 GMT. The bullion touched $1,122.35
Published 20 Dec, 2016 12:00am
Cocoa rises from multi-year lows, sugar consolidating

Cocoa rises from multi-year lows, sugar consolidating

Cocoa futures prices were boosted on Monday by news that speculators had increased further an already large short position, prompting some to expect there may be scope for a short-term rebound in prices. May New York cocoa was up $51, or 0.85 percent, at
Published 20 Dec, 2016 12:00am
Malaysian palm oil falls on expectations of lower demand

Malaysian palm oil falls on expectations of lower demand

Malaysian palm oil futures fell for a second straight session on Monday after earlier touching a four-and-a-half-year high hit in the previous session, as the market weakened on expectations that data due out on Tuesday will show a fall in export demand.
Published 20 Dec, 2016 12:00am
Rubber down
Currency

Rubber down

Benchmark Tokyo rubber futures ended down on Monday, snapping six days of gains, as a stronger yen prompted profit-taking after the benchmark contract hit the highest in more than three and a half years in the previous session. Tokyo Commodity Exchange (T
Published 20 Dec, 2016 12:00am
Copper tumbles as inventories jump; zinc, lead slide

Copper tumbles as inventories jump; zinc, lead slide

The price of copper slid as much as 3 percent to a four-week low on Monday as inventories showed their biggest one-day rise in 15 years, while lead and zinc tumbled more than 5 percent on bets that earlier gains had become overstretched. Copper inventorie
Published 20 Dec, 2016 12:00am
Shanghai copper slips

Shanghai copper slips

In China, Shanghai Futures Exchange copper slipped 2.2 percent to 45,630 yuan ($6,572) a tonne on Monday, also hit as traders square their books ahead of January. New signs that China's housing market has cooled also dragged. Meanwhile, ShFE lead and zinc
Published 20 Dec, 2016 12:00am
EU extends sanctions against Russia for six months

EU extends sanctions against Russia for six months

The European Union on Monday extended for another six months damaging economic sanctions against Russia over its intervention in Ukraine. EU leaders decided at a summit last week to roll over the sanctions first imposed in 2014 and the European Council, w
Published 20 Dec, 2016 12:00am
16 Russian soldiers hurt in plane crash

16 Russian soldiers hurt in plane crash

A plane carrying Russian soldiers crashed in Siberia on Monday, seriously injuring 16, the defence ministry said, quoted by Russian news agencies. The Ilyushin-18 plane carrying 32 passengers and seven crew made an emergency landing around 4:45 am Moscow
Published 20 Dec, 2016 12:00am
Ecuador quake, aftershocks leave one dead, serious damage

Ecuador quake, aftershocks leave one dead, serious damage

A 5.8-magnitude earthquake followed by more than 20 aftershocks rattled Ecuador's Pacific coast before dawn Monday, causing one death and heavy damage to hotels and homes in resort towns, officials said. The north-western province of Esmeraldas - hit hard
Published 20 Dec, 2016 12:00am
Top North Korean defector vows to expose 'gruesome' reality

Top North Korean defector vows to expose 'gruesome' reality

Top-ranking North Korean diplomat Thae Yong-Ho, whose recent defection gifted a major propaganda coup to the South, vowed Monday to devote himself to exposing the cruelties of the Pyongyang regime and encouraging others to escape. South Korean lawmakers w
Published 20 Dec, 2016 12:00am
Deaths in police custody go unpunished in India

Deaths in police custody go unpunished in India

Police in India are torturing suspects to death in custody with impunity and blaming suicide or natural causes, Human Rights Watch said Monday. The rights group said a failure to follow proper arrest procedures, such as presenting a suspect before a magis
Published 20 Dec, 2016 12:00am
Kenya shuts down US election assistance NGO

Kenya shuts down US election assistance NGO

Kenyan authorities on Monday ordered the shutdown of an American NGO working on programmes related to the country's 2017 presidential election, according to a letter seen by AFP. The missive from the ministry of devolution and planning ordered the Interna
Published 20 Dec, 2016 12:00am
57 journalists killed world-wide in 2016

57 journalists killed world-wide in 2016

At least 57 journalists have been killed around the world in 2016 while doing their job, Reporters Without Borders said on Monday. The press freedom group said 19 were killed in Syria alone, followed by 10 in Afghanistan, nine in Mexico and five in Iraq.
Published 20 Dec, 2016 12:00am
Israeli tanks strike Gaza base after border shooting

Israeli tanks strike Gaza base after border shooting

Israeli tanks fired shells at a Hamas post in the Gaza Strip on Monday after troops were shot at on the border with the Palestinian territory, the army said. Shots were fired towards Israeli soldiers by the fence along the largely closed border by unknown
Published 20 Dec, 2016 12:00am
Science shines a light on anti-matter

Science shines a light on anti-matter

Physicists on Monday announced an important step towards unravelling one of the Universe's great mysteries: What happened to all the anti-matter created in the Big Bang? A new technique has allowed them to study the behaviour of a single atom of anti-matt
Published 20 Dec, 2016 12:00am
Rouhani unveils landmark bill of rights

Rouhani unveils landmark bill of rights

Iran's President Hassan Rouhani unveiled a landmark bill of rights on Monday, guaranteeing freedom of speech, protest, fair trials and privacy, saying the achievement was "one of my oldest dreams". Although many of the rights are already enshrined in Iran
Published 20 Dec, 2016 12:00am
Floods kill 24 in Vietnam

Floods kill 24 in Vietnam

Days of unseasonably torrential rains have killed at least 24 people in central Vietnam, authorities said on Monday, inundating swathes of the region including the tourist draw town of Hoi An. Vietnam regularly experiences tropical storms and heavy downpo
Published 20 Dec, 2016 12:00am
Seven dead, including South African peacekeeper, in Congo

Seven dead, including South African peacekeeper, in Congo

Five rebels, a South African peacekeeper and a policeman were killed Monday when militia fighters attacked the city of Butembo in eastern Democratic Republic of Congo, UN and police sources said. The clashes between police and militia fighters, who attack
Published 20 Dec, 2016 12:00am
Iran frees four arrested Kuwaitis

Iran frees four arrested Kuwaitis

Iran has released four Kuwaitis arrested several days ago in the Islamic republic's south-western region, Kuwait's deputy foreign minister said on Monday. Cited by the official KUNA news agency, Khaled al-Jarallah said the four were handed over to the Kuw
Published 20 Dec, 2016 12:00am
Zsa Zsa, first US star famous for being famous, dies

Zsa Zsa, first US star famous for being famous, dies

Zsa Zsa Gabor, the Hungarian-born Hollywood siren perhaps better known for her prodigious love life than her movie credits, died Sunday after suffering a heart attack, her husband said. She was 99. An emotional Frederic von Anhalt told AFP that Gabor had
Published 20 Dec, 2016 12:00am
Australia deny Pakistan in gripping Test finale

Australia deny Pakistan in gripping Test finale

Australia prevented a world-record, 490-run chase by Pakistan on Friday to win a gripping first Test by just 39 runs and preserve their 28-year unbeaten streak at Brisbane's Gabba ground. Relieved skipper Steve Smith ran out Yasir Shah for 33 to take the
Published 20 Dec, 2016 12:00am
British teams fined for poppy war tribute

British teams fined for poppy war tribute

FIFA fined England 45,000 Swiss francs ($43,850, 42,000 euros) on Monday for wearing a poppy tribute to British war dead during their November 11 World Cup qualifier against Scotland. Scotland were fined 20,000 Swiss francs, while Wales and Northern Irela
Published 20 Dec, 2016 12:00am
Chile football punished over homophobic chants

Chile football punished over homophobic chants

FIFA hit Chile with a two-match stadium ban and a 30,000 Swiss franc ($29,000/28,000 euros) fine on Monday for a fresh bout of homophobic chanting by their fans. The Copa America champions are barred from playing at their Santiago home stadium for matches
Published 20 Dec, 2016 12:00am
Life ban for ex-Honduran President Callejas

Life ban for ex-Honduran President Callejas

FIFA banned former Honduran President Rafael Callejas from all football-related activity for life on Monday over corruption charges. FIFA's Ethics Committee also announced a life ban for Alfredo Hawit, like Callejas a former president of the Honduran Foot
Published 20 Dec, 2016 12:00am
Fahad, Nimra win NBP Master Table Tennis titles

Fahad, Nimra win NBP Master Table Tennis titles

International player Fahad Khawjah and Nimra Khan clinched the titles of the KP NBP Table Tennis Boys and Gils Championships played here at Lala Rafique Sports Arena on Monday. In the Boys final Fahad Khawjah defeated his strong rival international player
Published 20 Dec, 2016 12:00am
Nair triple ton puts India in command

Nair triple ton puts India in command

Karun Nair's scintillating triple century on Monday put India in command of the final Test as England faced the uphill task of surviving on a fifth day wicket in Chennai. Right-handed Nair, who finished on 303 not out, reached the landmark with a boundary
Published 20 Dec, 2016 12:00am
Aussie steady, New Zealand up
Currency

Aussie steady, New Zealand up

The Australian dollar stayed near a six-month trough on Monday after the government forecast a smaller-than-feared budget deficit this year, but that could not fully deflect the threat of a downgrade to the country's top credit rating. The Aussie held at
Published 20 Dec, 2016 12:00am
Sri Lankan rupee lower
Currency

Sri Lankan rupee lower

The Sri Lankan rupee closed weaker on Monday on importer dollar demand, as the market braced for declines in the local currency with the central bank raising the spot reference rate following a hike in US interest rates, dealers said. The US Federal Reser
Published 20 Dec, 2016 12:00am
Asian currencies on defensive
Currency

Asian currencies on defensive

The Malaysian ringgit matched a post-1998 low set last year and the South Korean won hit a nearly six-month low on Monday, after the US Federal Reserve last week signalled a faster-than-expected pace of interest rate rises in 2017. While the size of Monda
Published 20 Dec, 2016 12:00am
Egypt's pound weakens
Currency

Egypt's pound weakens

The Egyptian pound weakened on Monday as demand for dollars spiked amid a shortage in banks, bankers told Reuters. The dollar was being bought for over 19 pounds at most banks, up from around 18.8 earlier in the day. Banks were paying clients up to 18.95
Published 20 Dec, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 78.85-78.85 (previous 78.85-78.85).
Published 20 Dec, 2016 12:00am
'Trumpflation' trade keeps dollar near 14-year highs in Europe
Currency

'Trumpflation' trade keeps dollar near 14-year highs in Europe

The dollar steadied close to its highest levels in 14 years on Monday, underpinned by expectations that a fiscal expansion planned by US President-elect Donald Trump will boost inflation and lead to a faster pace of interest rates hikes. The greenback sur
Published 20 Dec, 2016 12:00am
Early trade in New York: Dollar index little changed

Early trade in New York: Dollar index little changed

The dollar was little changed on Monday versus a basket of currencies, holding near a 14-year peak buttressed by expectations of fiscal stimulus from US President-elect Donald Trump and a faster pace of interest rate increases. The greenback scaled back f
Published 20 Dec, 2016 12:00am
Dollar pulls away from 14-year peak in Asia
Currency

Dollar pulls away from 14-year peak in Asia

The dollar edged lower in Asian trading on Monday as some investors took profits after its rise last week to a 14-year peak against a currency basket, though it remained underpinned by expectations of more US interest hikes in the coming year. The Federal
Published 20 Dec, 2016 12:00am
Yuan rises against dollar

Yuan rises against dollar

China's yuan firmed against the dollar on Monday after the central bank set a much stronger midpoint than the market had expected, traders said. The People's Bank of China set the midpoint rate at 6.9312 per dollar prior to the market opening, compared wi
Published 20 Dec, 2016 12:00am
FTSE nudges higher though banks, Ashtead slide

FTSE nudges higher though banks, Ashtead slide

Britain's top share index edged higher on Monday though falls among mining companies and banks capped gains, while Ashtead Group was hit by a broker downgrade. The bluechip FTSE 100 index was up 0.1 percent at 7,017.16 points at its close after a choppy s
Published 20 Dec, 2016 12:00am
Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares ended higher on Monday, pushed up by financials and energy stocks after the top three rating agencies held their triple-A appraisals on Australia, despite the government forecasting bigger budget deficits for some time. The S&P/ASX 200 i
Published 20 Dec, 2016 12:00am
TSX rises for third straight day

TSX rises for third straight day

Canada's main stock index rose for the third straight day on Monday, led by the industrial and materials groups, while shares of BlackBerry Ltd climbed as it opened an autonomous driving research center. At 11:35 am EST (1635 GMT), the Toronto Stock Excha
Published 20 Dec, 2016 12:00am
European shares retreat from 11-month highs

European shares retreat from 11-month highs

European shares retreated from 11-month highs on Monday with Italy's Monte dei Paschi leading banks lower on worries over a cash call, and Danone hit after the world's biggest yoghurt maker warned about sales growth. The STOXX 600 was down 0.1 percent at
Published 20 Dec, 2016 12:00am
China stocks slip

China stocks slip

China stocks slipped on Monday, led by bluechips, as hopes for fresh monetary stimulus dimmed after Beijing vowed to contain asset bubbles next year by keeping monetary policy "prudent and neutral". The bluechip CSI300 index fell 0.5 percent, to 3,328.98
Published 20 Dec, 2016 12:00am
Indian shares lower

Indian shares lower

Indian shares ended lower on Monday, a fourth consecutive session of losses, with finance stocks such as HDFC Bank and State Bank of India falling over 1 percent each. The benchmark BSE index ended 0.43 percent down at 26,374.70 while the broader NSE inde
Published 20 Dec, 2016 12:00am
Southeast Asian markets fall on US rate hike worries

Southeast Asian markets fall on US rate hike worries

Southeast Asian stock markets closed lower on Monday, as talk of a more hawkish pace of rate increases by the US Federal Reserve in 2017 spurred a sell-off in risk assets. Federal Reserve Bank of Richmond President Jeffrey Lacker said on Friday that inter
Published 20 Dec, 2016 12:00am
Hong Kong stocks fall

Hong Kong stocks fall

Hong Kong stocks slid to 4-1/2 month lows on Monday, extending declines since last week's US rate hike, with shares hurt as Beijing signalled a "neutral" monetary policy and media reports said mainland insurance firms face fresh investment curbs. The benc
Published 20 Dec, 2016 12:00am
Monday's early trade: Tech stocks drive Wall Street higher

Monday's early trade: Tech stocks drive Wall Street higher

US stocks were higher on Monday in light trading, with the three major indexes hovering near record levels, driven by a rise in technology shares. The S&P technology index rose 0.94 percent, leading the 11 major sectors. Microsoft, Amazon and Apple were u
Published 20 Dec, 2016 12:00am